First-home buyers in Queensland can now benefit from significant financial relief thanks to new stamp duty savings for new homes.
In late February 2025, the Queensland government announced it would axe stamp duty for all first-home buyers buying new homes in the state.
While these buyers already enjoy a stamp duty waiver for properties valued under $700,000, and a concessional rate for homes up to $800,000, the new legislation removes the threshold entirely for new homes.
These changes are set to commence from May 1, meaning any first-home buyer who enters into a contract from this date is eligible for a full transfer duty concession, reducing the stamp duty to nothing.
Here, we explore how much first-home buyers across Queensland can save when buying a new home, and the properties that are now selling.
Starting May 1, first-home buyers buying new in Queensland won't have to pay stamp duty. Picture: realestate.com.au
Off-the-plan apartments and townhomes
Over the past 12 months, Brisbane has experienced a 13.8% growth in unit and apartment prices, with the median price now sitting at $675,000, according to the latest Home Price Index. The wider Queensland region saw an 8.6% increase, bringing the median price to $664,000.
With the new concession, first-home buyers can save thousands on off-the-plan apartments, making previously out-of-reach homes more attainable.
Located in Mitchelton, Carbone Developments’ Parque offers a range of one- and two-bedroom apartments starting from $640,000.
Each apartment has bespoke finishes, and many have leafy park views. Residents are also steps away from cafes, transport connections and various amenities.
- Ground floor two-bedroom apartments start from $749,999 ($19,600 stamp duty savings)
- North and park facing two-bedroom apartments start from $790,000 (19,665 stamp duty savings)
Located 15 minutes from the city in Ascot is Mirvac’s Ascot Green precinct, where a new apartment release called Charlton House is on offer.
The release has a limited selection of one-, two- and three-bedroom apartments available.
Each apartment has generous floorplans and large balconies, with each either facing north overlooking the Eagle Farm racecourse or south towards the city skyline.
The precinct itself is walking distance to shopping, dining and entertainment amenities and has various transport options nearby.
- One-bedroom apartments start from $795,000 ($21,625 stamp duty savings)
- One-bedroom apartments on higher levels start from $830,000 ($23,200 stamp duty savings)
Mirvac’s Ascot Green precinct has one-bedroom apartments starting from $795,000. Picture: realestate.com.au
In Yeronga, Pradella Property’s Jardina offers a range of one- to four-bedroom apartments.
Located across five levels, apartments feature open plan living spaces that extend to terraces.
There are a range of apartment designs to choose from with many apartments having second living areas.
Located six kilometres from Brisbane’s city, Jardina has convenience at its doorsteps having easy access to Yeronga train station and the Cross River Rail.
- One-bedroom apartments from $799,000 ($21,805 stamp duty savings)
- Two-bedroom apartments from $909,000 ($26,755 stamp duty savings)
Further south in Upper Coomera, first-home buyers can save on townhomes at developments such as Baileys Reserve by SKF Development.
Each townhome features spacious open-plan designs, a full-size bath and can accommodate two cars. Some townhome designs includes a study as well.
Surfers Paradise, Tamborine Mountain and Paradise Point beach are all under 30 minutes away by car.
- Three-bedroom townhomes from $777,000 ($20,815 stamp duty savings)
Building a new home
For those looking to build, the concession opens up substantial savings.
Previously, first-home buyers could benefit from a vacant land concession on residential lots valued up to $500,000. Now, they can purchase land at higher values without incurring stamp duty.
It’s worth noting that when buying a house and land package, stamp duty only applies to the land component, presenting further savings.
House prices have grown by 9.6% over the past 12 months across Brisbane, currently sitting at $977,000. The rest of Queensland has seen a 9.3% increase, sitting at $749,000.
In the Ipswich suburb of Karalee, QM Properties’ existing estate River Retreat has been extended, with a new stage having land available from $635,000.
QM Properties’ River Retreat has a new stage with land available from $635,000. Picture: realestate.com.au
Under the new stage, the allotments size from 3500sqm to 6014sqm with each having NBN connectivity, underground power, and town water. Enjoy bushland views, fresh air, and rural outlooks from your new acreage sized home.
Residents are also 10 minutes away from Ipswich’s city centre or Riverview Train Station for an easy commute to Brisbane CBD.
- 3500sqm land from $655,000 ($22,500 stamp duty savings)
On the Gold Coast in Upper Coomera, HB Land’s Calli has land starting from $635,000.
There are 196 lots available sizing from 400sqm to 1,316sqm, providing variety for a range of buyers.
Across the estate, there’s 3,102sqm and 1,344sqm of recreation areas and residents are only 25 mins to the Gold Coast and 45 mins to Brisbane
- 488sqm land from $635,000 ($21,600 stamp duty savings)
- 607sqm land from $724,000 ($25,605 stamp duty savings)
Are you looking to build or buy new? Check out our New Homes section.
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